$$\lim_{n\to\infty} \left(1+\frac{1}{n}\right)^ n $$ So the problem above is giving me trouble, the answer key I was giving says it equals to $\mathrm{e}$, but I have no idea how to get a answer. I look at the problem and plug in infinity to see if the indeterminate form appears, but I cannot tell, since I get $$\left(1+\frac{1}{\infty}\right)^\infty$$ I guess the problem here is what does $$\frac{1}{\infty}$$ equal? I think it equals infinity. If that is true, I get the form $$\infty^\infty$$ so now I use L.H. but no matter the derivative I get I have no clue how the answer can possibly be $\mathrm{e}$.
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1This is the definition of $e$ to some people, so you need to be clear how do you define $e$. – Henricus V. Apr 03 '16 at 02:23
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Does your book offer a definition of $e$? If so please provide it. Otherwise, you may consider defining $e$ as the limit of this (once you show it exists!). You'd just need to show the limit is convergent then. (Hint: either bernoulli's inequality or binomial theorem+monotone convergence test) – Nap D. Lover Apr 03 '16 at 02:26
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I believe it is e as in 2.718 – user328129 Apr 03 '16 at 02:27
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1@user328129 2.718 is not $e$, as $e$ is irrational and what you wrote is rational – Apr 03 '16 at 02:30
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On wolfram alpha it also displays the answer as e. – user328129 Apr 03 '16 at 02:31
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$lim_{n\to\infty} \frac{1}{n} = 0$ – Sentient Apr 03 '16 at 02:32
5 Answers
In many contexts, this is the very definition of $e$.
However if you want:
$$\begin{align*} \lim_{n\to\infty}(1+\frac1n)^n&=\lim_{n\to\infty}\exp\left(n\ln(1+\frac1n)\right)\\ &=\lim_{n\to\infty} \exp\left(\frac{\ln(1+\frac1n)}{n^{-1}}\right)\\ &=\exp\left(\lim_{n\to\infty}\frac{\ln(1+\frac1n)}{n^{-1}} \right)\\ &\stackrel{LR}{=}\exp\left(\lim_{n\to\infty}\frac{\frac{-n^{-2}}{1+1/n}}{-n^{-2}} \right)\\ &=\exp\left(1\right)\\ &=e \end{align*}$$
The indeterminate form is actually $(1+\frac{1}{\infty})^{\infty} =(\frac{\infty}{\infty})^{\infty} $.
With regards to the limit, there are many proofs here that show that $(1+\frac1{n})^n $ is increasing and bounded and so must have a limit.
Here is one of them:
Proving : $ \bigl(1+\frac{1}{n+1}\bigr)^{n+1} \gt (1+\frac{1}{n})^{n} $
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If you define $e$ as $\sum_{k=0}^{\infty}{1\over k!}={1\over 1}+{1\over 1}+{1\over 2}+{1\over 6}...$ then you have $$(1+\frac1n)^n=\sum_{k=0}^{n}{n\choose k}{1\over n^k}=\sum_{k=0}^{n}{n(n-1)(n-2)...(n-k+1)\over k!n^k}=\sum_{k=0}^{n}{n^k+c_1n^{k-1}+...c_kn^0\over k!n^k}$$
Therefore,$$\lim_{n\to \infty}(1+\frac1n)^n=\lim_{n\to \infty}\sum_{k=0}^{n}{n^k+c_1n^{k-1}+...c_kn^0\over k!n^k}=\sum_{k=0}^{\infty}{1\over k!}=e$$
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This requires a lot more justification than is given here. In particular, once k is not small compared with n, you might not be able to neglect the terms after $n^k$. At least this has to be proved, not hand-waved away. – marty cohen Apr 03 '16 at 03:43
Hint
Using L'Hospital rule to $$A_n=(1+\frac{1}{n})^ n$$ take logarithms $$\log(A_n)=n\log(1+\frac{1}{n})=\frac{\log(1+\frac{1}{n})}{\frac 1n}$$ Make now $x=\frac 1n$ which makes $$\log(A_n)=\frac{\log(1+x)}x$$ Now, apply the rule $(x\to 0)$
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And yet again a circular application of L'Hopital, used to compute a derivative which one needs to know beforehand to be able to apply L'Hopital... (The invasion of curricula by this so-called rule is really a plague, seemingly mortal to any kind of sound thinking...) – Did Apr 03 '16 at 08:21
For $n\in N$ we have $$1/(n+1)=\int_n^{n+1}1/(n+1)\;dx<\int_n^{n+1}(1/x)\;dx <\int_n^{n+1}1/n\;dx=1/n,$$ $$\text {and }\quad \int_n^{n+1}(1/x)\; dx=\ln (n+1)-\ln n=\ln (1+1/n).$$ $$\text {Therefore }\quad 1/(n+1)<\ln (1+1/n) <1/n$$ $$\text { so }\quad n/(n+1)<\log (1+1/n)^n<1$$ $$\text {so }\quad e\cdot e^{-1/(n+1)}<(1+1/n)^n<e.$$
Remark: Apply this method to $\ln (1+y/z)=\ln (y+z)-\ln z=\int_z^{y+z}(1/x)\;dx$ for any $y\in R$ and for $\min (1,1-y)<z\in R$ and you obtain $\lim_{z\to \infty}(1+y/z)^z=e^y.$
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